<div class="at-above-post addthis tool" data-url="https://www.metro.us/asia-off-to-cautious/"></div>SYDNEY (Reuters) – Asian shares started cautiously on Monday as investors wait to see if U.S. earnings can justify sky-high valuations, while bond markets could be tested by what should be very strong readings for U.S. inflation and retail sales this week. MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.05% in slow […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/asia-off-to-cautious/"></div><! AddTh
By Reuters Staff
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FILE PHOTO: A sign of Ant Group is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/File Photo
BEIJING (Reuters) - Reforms required of Ant Group by Chinese regulators set an example for the fintech sector, the state-backed Economic Daily said in a commentary on Monday.
The central bank has called on the affiliate of Alibaba Group Holding Ltd to restructure as a financial holding company.
Ant has assembled a “comprehensive and feasible restructuring plan” at the urging of financial regulators, the People’s Bank of China said.
Alibaba Shares Rise in Hong Kong Despite Record $2 8 Billion Fine morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
US STOCKS-S&P 500, Dow dip ahead of earnings, inflation data Reuters 1 hr ago By David French
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)
Popular Searches Alibaba shrugs off $2.75 bln antitrust fine, shares jump Big bank earnings to kick off from Wednesday Indexes down: Dow 0.3%, S&P 0.12%, Nasdaq 0.39% (Adds comment, details; updates prices)
By David French
April 12 (Reuters) - The S&P 500 and Dow Jones industrial average dipped below record levels on Monday as investors paused ahead of the start of the corporate reporting season and a key inflation report later this week.